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Owner Contacts

$318,000

NAL Estimated Property Value

7431 Cove Royale Ln, Richmond, TX, 77407

Off Market

3 Beds

2 Bath

1,877 Sq Ft

$170.48 / sqft

Built in 2006

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesENERGY STAR Qualified Appliances, Gas Oven, Microwave, Gas Range, Dishwasher

FlooringTile

Exterior

Lot Size6,828 sqft

Building Information

Year Built2006

Stories1

Roof Type105

Garage Spaces1

Land Information

APN3523-10-003-0110-907

Lot Number11

SubdivisionGrand Mission Sec 10

Land UseResidential

Legal DescriptionGRAND MISSION SEC 10, BLOCK 3, LOT 11

Census Tract672907

Assessed Land Value$85,050

Assessed Improvement Value$213,825

Assessment Year2025

About this property

OWN GORGEOUS MHI HOMES GEM in pocket section in GRAND MISSION ESTATES! Impressive pride in ownership, brick bungalow w designer finishes, wood like tile floors throughout, gourmet kitchen w/ granite c.tops, 42" white soft close cabinets, under cabinet lights & SS appl. inc designer stove, stunning accent color island opens to spacious living/breakfast/dining areas! Yes- this house has formal dining, formal breakfast & formal game room w so many updates at every turn! Beautiful primary suite w updated bath, sep. tub/shower, double sinks, soft close cabinets & walk-in closet. Split floor plan has 2 bedrooms divided by a huge game room & full bath! Extended concrete patio from side to side of the back of the house makes gathering set up a breeze! Energy Efficient HVAC w Nest thermostat, new fence 2021, gutters, blinds, custom fans/lighting & MORE. Resort style amenities- trails, pools, parks, tennis etc. Westpark, 99, Energy Corridor & Cinco- La Centerra & upcoming ritzy District West!

Investor Tools

$318,000

Estimated Property Value

$227,777Estimated Mortgage Balance

$90,223Estimated Equity

27% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,920 /month

Positive

Cash Flow Estimate:

$640 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$536/month

$965/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,839

$298,875

2025

$85,050

$213,825

$298,875

Tax History

Year

Tax Paid

Assessed Value

2025

$4,839

$298,875

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Wells Fargo Bank Na

Conventional

$244,875

First

Aug 11, 2022

Sep 2037

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$227,777

$87,223

27%

72%

$1,469/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,360/mo

$2,434/mo

$-74/mo

8.9%

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Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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